October’s closing data drew a dividing line for privacy coins: Zcash’s weekly performance turned positive, but its monthly performance still ended lower, taking some shine off this rebound.
1. Closing price: At the October 31 UTC close, $ZEC was about $1,252, down roughly 1.7% on the day, with an intraday range of $1,246 to $1,296; up about 8.6% over 7 days (Basis Desk, published November 1).
2. Broader market comparison: In the same closing snapshot, Bitcoin was about $77,435, up roughly 0.4% on the day and down about 3.8% over 7 days. ZEC’s weekly gain went against the broader market’s weekly direction—it wasn’t simply following the rally.
3. Monthly tally: ZEC opened October at about $1,438.10 and closed at around $1,247.15, a monthly decline of roughly 13.28%, with 18 up days and 13 down days that month (BestCryptoChecker, October price history).
4. Divergence among peers: On the same day, Monero was around $599.04, up roughly 2.1% on the day and 0.9% over 7 days. Both are privacy-focused, yet one rose while the other fell that day—capital wasn’t moving into the privacy sector across the board.
Notably, ZEC had a market capitalization of about $21.6 billion, ranking 10th (TokenPost, October 31, 23:03 UTC snapshot), making it far from a small-cap coin. Next, watch whether it can hold the $1,246 level: if it does, the weekly rebound may have a chance to extend into a monthly recovery; if it fails, October’s downtrend remains uninvalidated.
#ZEC #隐私币 $ZEC
These are my personal views only and do not constitute investment advice.
1. Closing price: At the October 31 UTC close, $ZEC was about $1,252, down roughly 1.7% on the day, with an intraday range of $1,246 to $1,296; up about 8.6% over 7 days (Basis Desk, published November 1).
2. Broader market comparison: In the same closing snapshot, Bitcoin was about $77,435, up roughly 0.4% on the day and down about 3.8% over 7 days. ZEC’s weekly gain went against the broader market’s weekly direction—it wasn’t simply following the rally.
3. Monthly tally: ZEC opened October at about $1,438.10 and closed at around $1,247.15, a monthly decline of roughly 13.28%, with 18 up days and 13 down days that month (BestCryptoChecker, October price history).
4. Divergence among peers: On the same day, Monero was around $599.04, up roughly 2.1% on the day and 0.9% over 7 days. Both are privacy-focused, yet one rose while the other fell that day—capital wasn’t moving into the privacy sector across the board.
Notably, ZEC had a market capitalization of about $21.6 billion, ranking 10th (TokenPost, October 31, 23:03 UTC snapshot), making it far from a small-cap coin. Next, watch whether it can hold the $1,246 level: if it does, the weekly rebound may have a chance to extend into a monthly recovery; if it fails, October’s downtrend remains uninvalidated.
#ZEC #隐私币 $ZEC
These are my personal views only and do not constitute investment advice.
